UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 28,701 Shares of Tutor Perini Co. (NYSE:TPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Tutor Perini Co. (NYSE:TPC - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,032 shares of the construction company's stock after purchasing an additional 28,701 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Tutor Perini worth $2,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its stake in Tutor Perini by 5.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,450,257 shares of the construction company's stock worth $83,496,000 after purchasing an additional 179,819 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Tutor Perini by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company's stock valued at $68,373,000 after acquiring an additional 170,440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tutor Perini by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,726,545 shares of the construction company's stock valued at $65,982,000 after acquiring an additional 148,425 shares during the last quarter. Fred Alger Management LLC boosted its position in shares of Tutor Perini by 91.9% during the 4th quarter. Fred Alger Management LLC now owns 1,133,014 shares of the construction company's stock valued at $27,419,000 after acquiring an additional 542,647 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Tutor Perini by 74.6% during the 4th quarter. First Trust Advisors LP now owns 938,478 shares of the construction company's stock valued at $22,711,000 after acquiring an additional 401,117 shares during the last quarter. Institutional investors own 65.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. B. Riley reiterated a "buy" rating and set a $50.00 price target (up previously from $40.00) on shares of Tutor Perini in a research report on Friday. UBS Group raised their price objective on Tutor Perini from $40.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised Tutor Perini from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

Insiders Place Their Bets

In other news, Chairman Ronald N. Tutor sold 100,000 shares of Tutor Perini stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $38.62, for a total value of $3,862,000.00. Following the sale, the chairman now directly owns 4,730,985 shares in the company, valued at approximately $182,710,640.70. This trade represents a 2.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond R. Oneglia sold 75,000 shares of Tutor Perini stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $36.23, for a total value of $2,717,250.00. Following the completion of the sale, the director now owns 115,470 shares in the company, valued at approximately $4,183,478.10. This represents a 39.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 250,000 shares of company stock valued at $9,355,250 in the last ninety days. Company insiders own 17.30% of the company's stock.

Tutor Perini Price Performance

Shares of NYSE TPC traded up $1.65 during trading hours on Friday, reaching $40.54. 1,340,702 shares of the stock traded hands, compared to its average volume of 548,663. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The company's 50-day simple moving average is $27.94 and its two-hundred day simple moving average is $25.99. The company has a market capitalization of $2.14 billion, a P/E ratio of -16.15 and a beta of 1.74. Tutor Perini Co. has a 52-week low of $14.50 and a 52-week high of $40.73.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The construction company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.47. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.08 billion. Tutor Perini had a negative return on equity of 9.56% and a negative net margin of 3.08%. The business's quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.

Tutor Perini Profile

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.